Blossom Limited purchased equipment on February 1, 2024, at a cost of $263,360As the CFO of the company, you are considering the merits of using the diminishing-balance or units-of-production method of depreciation instead of the straight-line methodwhich is currently being used for other equipment. The new equipment has an estimated residual value of $15,000 and an estimated useful life of either five years or 88,700 unitsDemand for the products produced by the equipment is sporadic so the equipment will be used more in some years than in others. Assume the equipment produces the following number of units each year: 14,200 units in 2024; 28,000 units in 2025; 20,000 units in 2026; 15,000 units in 2027; and 11,000 units in 2028; and 500 in 2029. Blossom has a Record the disposal of the huts on July 31, 2026, under each of the following independent assumptions: (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to O decimal places, e.g. 5,275.)

1. They were sold for $75,400.

2. They were sold for $35,400.

Date Account Titles and Explanation